Tech company Snapchat has unveiled its first European store selling Spectacles in the East London hipster hub Boxpark Shoreditch. The pop-up acts as an interactive space for consumers to try out the smart eyewear.
Snap Inc. is redesigning its disappearing-message app Snapchat in an attempt to reach a broader audience, going back to the drawing board as Wall Street clobbered it for another quarter of slowing user growth.
Facebook continued its romp in the advertising market, posting a 49% rise in ad sales for the third quarter to $10.14 billion, about 88 percent of which came from mobile ads. Quarterly profits spiked to 79%.
Nike is one of six major brands to see a decline in teen spending, and the age group has an increased preference for streetwear labels like Vans and Supreme. In addition, teens spend more on food than clothing.
Shares of Snap Inc, owner of the Snapchat messaging app, had their busiest trading day in two and a half months in a volatile session on Monday, as early investors could sell their shares for the first time.
Quarterly results from Alphabet Inc and Facebook Inc provided fresh evidence this week that the digital advertising market is effectively a duopoly, a dynamic with deep implications for two of Silicon Valley's titans.